Car Prices Might Be Unsustainable for Buyers - WSJ: Surging loan delinquencies signal that many consumers can’t afford their auto loans.
A Bright Spot in Commercial Real Estate: Retail Shops - WSJ: New store openings remain strong, overcoming inflation and interest-rate challenges.
Hawaiian Electric Is in Talks With Restructuring Firms - WSJ: The utility is facing mounting litigation alleging it was negligent before and during the Maui wildfires.
Private Equity Firms Return—Tentatively—to Debt-Fueled Payouts: Mired in a slump, some private-fund managers tap costly borrowing to pay themselves dividends.
The Roman Catholic Archbishop of San Francisco Files for Chapter 11 Bankruptcy to Facilitate Settlements with Abuse Survivors: "The unfortunate reality is that the Archdiocese has neither the financial means nor the practical ability to litigate all of these abuse claims individually, and therefore, after much consideration, concluded that the bankruptcy process was the best solution for providing fair and equitable compensation to the innocent survivors who have been harmed," said The Most Reverend Salvatore J. Cordileone, Archbishop of San Francisco.
Claims Settlement Approved in Madison Square Boys & Girls Club Bankruptcy: The settlement provides for a projected payment of $22 million to a settlement trust that will be distributed to approximately 149 Survivors in accordance with a Plan and the preservation of insurance rights and claims that may be pursued to increase the payout available to Survivors.
Mortgage rates hit highest point since 2000: Mortgage rates hit the highest level since the end of 2000, and that is crushing affordability for potential homebuyers.
Large parts of this economy are going to struggle, says Strategic Value Partners' Victor Khosla: Victor Khosla, Strategic Value Partners founder and CIO, joins 'Squawk Box' to discuss the latest market trends, why he thinks trillions of dollars of deals done in a zero-interest-rate environment will help create a tough cycle ahead, commercial real estate market, and more.
Bankruptcy ‘burn rates’ drive some firms to file Chapter 7s: ABI’s Ward | CFO Dive: Professional fees racked up in Chapter 11 bankruptcies can range from a few hundred thousand dollars to the tens of millions, Chris Ward, president-elect of the American Bankruptcy Institute, said.